Author Topic: Superannuation Advice (Australia)  (Read 1028 times)

Chris-93AUS

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Superannuation Advice (Australia)
« on: January 08, 2017, 09:21:30 PM »
Hello fellow upper lip hair growers.


For reasons I won't go into, I have a lump sum of $17,000 currently sitting in a WRAP Super account. For those of you who don't know or are unaware a WRAP gives me quite a bit of freedom in what investments, both managed funds and stocks, that I can invest in, including all Vanguards Australian offerings.

My costs for this are

$318 per annum in administration fees
$22 per trade (either managed fund or stock)

Plus any expense fees associated with the investment i.e. 0.05 for Vanguard's VTS

I'm tossing around various scenarios in my head about fee saving and returns in super.

Perhaps you can add your two cents;

Do I look for another retail superfund with lower fees, but potentially less investment options including not being able to access low fee index funds/etf's in the attempt to minimise the effect of fees on my long term balance ?
And
Asset allocation, If I stick with the WRAP account I'm considering placing most if not all my funds into something like VAS - Reasons being I have non super investments that give me international exposure/bond exposure and I'm attempting to maximise the concessional tax arrangements that superannuation has. I.e. 15% on income from dividends, some of which would potentially be refunded due to the franking that VAS has.

I welcome your comments and opinions and any corrections

Cheers :)


marty998

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Re: Superannuation Advice (Australia)
« Reply #1 on: January 09, 2017, 12:05:50 AM »
You don't need a retail fund wrap product in super to invest in VAS. Find a low cost industry super and do the same, save yourself the $300 a year.

Most industry funds charge only $78 a year ($1.50 a week) in admin fees.